Silk Road: Crime pays (in Bitcoin) ... until you get arrested
The notorious underground (literally, by cable fibre) online drug marketplace, Silk Road, was shutdown earlier this week; with visitors now being presented with an FBI seizure notice. Maybe we’ve found the place Bitcoins were really being used, not in pubs, but to pay for illicit drugs.
How would we make such a claim? Take a look at Bitcoin’s value; which dropped by about 20 percent, or close to $500 million, by mid-morning.
On the Bitstamp...